'Helicopter Ben' Was Prophetic in 2002 [View article]
Just so we are on the same page, the FED is n.o.t. the Central Bank of the USA, it is a group of commercial/investment banks. Therefore the entire alphabet-soup of emergency programs coming out of the institution (and the Treasury), leading to a transer of assets and liabilities from one balance sheet to another, is nothing more or less than an optical illusion.
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Just so we are on the same page, the FED is n.o.t. the Central Bank of the USA, it is a group of commercial/investment banks. Therefore the entire alphabet-soup of emergency programs coming out of the institution (and the Treasury), leading to a transer of assets and liabilities from one balance sheet to another, is nothing more or less than an optical illusion.
Dec 22 06:52 am
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